Stampede Drilling Grants 1.3 Million Stock Options to Executives
Stampede Drilling Announces Granting of Stock Options
Image: Benzinga
Stampede Drilling Inc. has granted 1,315,000 stock options to its officers and directors, allowing them to purchase common shares at $0.22 each. The options have a five-year term and vest over four years. This decision follows the expiration of a previous batch of options.
- 011,315,000 stock options granted to officers and directors of Stampede Drilling Inc.
- 02Options have an exercise price of $0.22 per common share.
- 03One quarter of the options vest immediately, with subsequent vesting on anniversaries over three years.
- 04The stock option plan was recently approved by shareholders on May 14, 2026.
- 051,315,000 options expired unexercised on March 28, 2026.
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On May 26, 2026, Stampede Drilling Inc. (TSXV:SDI) announced the granting of 1,315,000 stock options to its officers and directors, allowing them to purchase common shares at an exercise price of $0.22 each. These options have a term of five years, with one quarter vesting immediately and the remaining options vesting in equal parts on the first, second, and third anniversaries of the grant date. This move comes after a previous allocation of 1,315,000 options expired unexercised on March 28, 2026. The stock options were granted in accordance with the amended and restated stock option plan, which received approval from the company’s shareholders on May 14, 2026. The TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the accuracy of this announcement. This strategic decision aims to incentivize key personnel within the company, aligning their interests with those of the shareholders and potentially enhancing company performance in the coming years.
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